11-02-2021, 04:17 PM
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#21 (permalink)
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Master EcoModder
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Quote:
The post office could do haircuts, and mammograms too, or any number of things. But why?
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I'm trying to remember the last time I bought a haircut. I think it was the 1990s.
The Post Office has never offered haircuts and mammograms, why should they start now? Postal banking is a thing. en.wikipedia.org/wiki/Postal_savings_system
Quote:
United States
In the United States, the United States Postal Savings System was established in 1911 under the Act of June 25, 1910 (36 Stat. 814). It was discontinued by the Act of March 28, 1966 H.R. 8030 (89th Cong.) (80 Stat. 92).[22]
Fifty years later, Vermont Sen. Bernie Sanders' 2016 presidential campaign platform included plans for postal banking.[23] In 2018, Massachusetts Sen. Elizabeth Warren and New York Sen. Kirsten Gillibrand supported such a program.[24] In April 2018, Gillibrand introduced S.2755 - Postal Banking Act[25] partly in response to the Trump administration's suspension of payday lending regulation imposed during the Obama administration. In 2020, after Joe Biden defeated Senator Bernie Sanders in the 2020 Democratic presidential primaries, the Biden-Sanders "Unity Task Force” policy recommendations for a Biden administration, released in July, included postal banking.[26] In September 2020, Gillibrand and Sanders announced a newer Postal Banking Act.[27] It would help strengthen the Postal Service's financial situation and help unbanked and underbanked people with savings and checking accounts, debit cards and low-dollar loans they might otherwise be forced to get from payday lenders at high interest rates.
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